Brothers of Mercy Housing Company Inc

Analysis

Brothers of Mercy Housing Company Inc is a registered charity in United States, based in Clarence, NY. It received its IRS tax-exemption ruling in November 1971, 55 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brothers of Mercy Housing Company Inc reported income of $792k and spending of $749k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $811k to $792k (-2.4%), an average of -0.8% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brothers of Mercy Housing Company Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include T G 107 Inc ($791k), Belair-Edison Neighborhoods Inc ($792k) and Broward County Minority Builders Coalition Inc ($791k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $50k (6.7% of expenses). Other salaries and wages came to $110k. At year end it held assets of $2.2m against liabilities of $74k, net assets of $2.2m. It reported 10 employees.